Simplify Asset Management Inc. Sells 3,807 Shares of iShares Gold Trust (NYSEARCA:IAU)

Simplify Asset Management Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,085 shares of the exchange traded fund’s stock after selling 3,807 shares during the quarter. Simplify Asset Management Inc.’s holdings in iShares Gold Trust were worth $1,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp increased its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. Global Trust Asset Management LLC increased its stake in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $34,000. Finally, Pacifica Partners Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at $35,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded down $0.02 during midday trading on Friday, reaching $48.44. 1,193,633 shares of the company’s stock traded hands, compared to its average volume of 6,045,784. The firm’s fifty day moving average price is $50.05 and its 200-day moving average price is $46.86. iShares Gold Trust has a 52 week low of $37.21 and a 52 week high of $52.69.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.